National Australia Bank Ltd

NAB: XASX (AUS)
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National Australia Bank: Replenishing Capital to Absorb Higher Credit Stress

National Australia Bank has lifted loan impairment provisions by AUD 300 million to cover potential stress from sectors directly affected by the Middle East conflict, and broader downside to the Australian economy. The bank also plans to partially underwrite the dividend to raise AUD 1.8 billion.

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